The Next Level - Small Business CGT Concessions Part I: The Basics
Recorded 16 September 2021.
Working through the core rules.
The small business CGT concessions are arguably some of the most generous provisions in the ITAA. The concessions are targeted to small business and consist of:
- the small business 15-year exemption;
- the small business 50 per cent reduction;
- the small business retirement exemption; and
- the small business roll-over.
Depending on which concession (or concessions) applies, a taxpayer can defer, reduce or even disregard a capital gain.
In this two-part webinar series, we will go through the core rules and then dive deeper into each of the concessions.
Price
Individual - $143
Team - $429 (up to 6 team members)
If you wish to purchase a team registration, please create an account and login.
Part 1 works through the core rules, including the:
- basic eligibility requirements, namely:
- small business entity test;
- maximum net asset value test; and
- active asset test, and
- additional conditions that must be satisfied where the relevant CGT asset is a share in a company or an interest in a trust;
- additional conditions that must be satisfied where a CGT asset is held by an interposed entity;
- special rules applicable to CGT assets that are owned by partners, or by a partnership; and
- separate eligibility criteria that may need to be satisfied in order to access the various concessions.
Lee-Ann Hayes
Head of Tax Education, TaxBanter
Lee-Ann is a respected tax professional with 25 years’ experience in Australian taxation law. Her varied roles include training, content creation and advice, giving her extensive practical experience in the daily tax issues faced by practitioners.
Lee-Ann’s taxation journey began at the Australian Taxation Office where she held various technical and education positions. From there Lee-Ann has worked in both public practice and for several national training organisations. She has extensive experience in developing and delivering tax education to a wide and varied audience, including graduate accountants, big four accounting firms and professional associations.
Renowned for her enthusiastic, approachable and engaging presentation style, Lee-Ann has a strong practical focus, ensuring effective learning outcomes are always achieved.
Michael Bode
Senior Tax Trainer, TaxBanter
Michael has over 20 years’ experience in public practice with Chartered firms including 6 years at Deloitte in tax advisory, 3 years as lead tax advisor for a large financial planning firm and 3 years as head of the national tax consulting division at Prosperity Advisers. Prior to this Michael worked in business services in mid-sized Chartered practices. Having commenced with legal training and practice he gravitated naturally to his love of tax law, advice and team training.
Michael has a broad range of experience covering tax issues and practical compliance for individuals, small business, listed companies and multinationals across a wide spectrum of industries. His extensive work managing tax controversy matters and government submissions, coupled with his business service experience and passion for tax law allows him to provide significant colour and context to his training.
Leanne Saunders
Tax Trainer, TaxBanter
The Next Level - Small Business CGT Concessions Part I: The Basics
TaxBanter
1 modules
Investment per person: $ 143.00
Team cost: $ 429.00
You can’t use team rate, please either signup or login to access team rates